Bit Digital, Inc (NASDAQ:BTBT) is among the best cryptocurrency stocks to buy right now. Bit Digital, Inc (NASDAQ:BTBT) continues to develop its Ethereum business as it exits Bitcoin mining operations. On April 7, the company announced that its Ethereum treasury amounted to around 155,444.4 ETH as of the end of March 2026. In dollar terms, the company said its Ethereum holding was worth $327 million. Bit Digital had 62% of its Ethereum holdings at stake.
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On April 2, HC Wainwright reiterated a Buy rating on Bit Digital, Inc (NASDAQ:BTBT) stock with a $7 price target. The firm highlighted Bit Digital’s fiscal 2025 results and digital asset strategy for its renewed bullish view on the stock. Bit Digital is shutting down its Bitcoin mining operations as it expands its Ethereum staking business and AI infrastructure service.
In fiscal 2025, Bit Digital’s revenue increased 5% to $113.6 million. The company said the revenue increase was supported by growth in the cloud services and Ethereum staking businesses. It further said that the top line growth was partially offset by a 53% decline in digital asset mining revenue. This decline was due to the company’s continued liquidation of the Bitcoin business line.
Bit Digital’s Ethereum staking revenue increased by 287% and cloud services revenue increased by 50%. Revenue from placement services increased by 555%.
Bit Digital, Inc (NASDAQ:BTBT) is an American digital assets and infrastructure company. Its digital assets unit focuses on acquiring, holding and staking Ethereum. The infrastructure division provides data center services to support artificial intelligence and high-performance computing services. Bit Digital has a majority stake in AI infrastructure provider WhiteFiber.
While we recognize the potential of BTBT as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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